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Technology Stocks : VTEL: Anyone else follow this? -- Ignore unavailable to you. Want to Upgrade?

To: TulipMania who wrote (936)	4/13/1998 7:45:00 PM
From: John M Connolly	Read Replies (1) \| Respond to of 1214

Michael, While I do not own any of VTEL shares I follow this thread. Did you seethe VTEL ad on CNBC it is the first time I saw it and thought that you would like to know. John

To: TulipMania who wrote (936)	4/13/1998 8:39:00 PM
From: Yeadon	Respond to of 1214

Reason analysts lowered estimates is because they were guided lower by VTEL. CLI merger simply has not worked out as well as promised. VTEL's forward looking statements about when merger benefits will kick in are no longer taken seriously on the Street. They promised that by second half of this FY, merger benefits would be clear. Unfortunately, they are clear that they have not been worthwhile. Merger will continue to drag down the company. New marketing initiatives have produced limited results. I am sure 1999FY estimates will be dropping soon. Yeadon